Central Texas College Foundation

Analysis

Central Texas College Foundation is a registered charity in United States, based in Killeen, TX. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Central Texas College Foundation reported income of $1.1m and spending of $2.0m, spending 185% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.2m to $1.1m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to August 2021, when income dropped by 74%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Texas College Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Montessori for Public Service ($1.1m), Aiming for Healthy Families Inc ($1.1m) and Summit54 ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $12.3m against liabilities of $498k, net assets of $11.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.